16th Apr 2010 13:30
Beacon Hill Resources plc / Ticker: BHR / Index: AIM / Sector: Mining
16 April 2010
Beacon Hill Resources Plc ('Beacon Hill' or 'the Group')
Grant of Options
Beacon Hill Resources plc (AIM:BHR), the AIM listed resource company, with producing coal and magnesite assets, announces that it has today granted options to the directors pursuant to the Group's Option Scheme.
Following the acquisition of Minas Moatize, Justin Lewis has agreed to move to a full time role with the Group and as part of his remuneration package he is to be granted total of 4,000,000 options. The options will vest on the first anniversary of the grant and are exercisable for a period of 10 years at the following prices:
|
Number of Options |
Exercise price |
|
1,000,000 |
7.0p |
|
1,000,000 |
8.0p |
|
1,000,000 |
10.0p |
|
1,000,000 |
12.5p |
In addition the remaining directors have each been granted a total of 4,000,000 options with an exercise price of 7.0p. The options will vest on the first anniversary of the grant and are exercisable for a period of 10 years. The breakdown of options granted is as follows:
|
Geoffrey Chalmers |
1,000,000 |
|
Murray D'Almeida |
1,000,000 |
|
Timothy Jones |
1,000,000 |
|
Rahul Singh |
1,000,000 |
**ENDS**
Further Information
For further information on the Group, visit: www.bhrplc.com or contact:
|
Justin Lewis |
Chairman, Beacon Hill Resources Plc |
+61 (0) 3 8637 1540 +61 439 162369 |
|
William Vandyk |
Astaire Securities Plc |
+44 (0) 20 7448 4400 |
|
Hugo de Salis |
St Brides Media & Finance Ltd |
+44 (0) 20 7236 1177 |
|
Susie Callear |
St Brides Media & Finance Ltd |
+44 (0) 20 7236 1177 |
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